Trends & Analysis by Awning.com
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What you'll find in this report:
- Rent analysis
- Sale price analysis
- Investor return analysis
- Growth projections
- Other interesting data about homes in Austin
Rents Steadily Increasing
https://infogram.com/austin-rental-trends-1h7g6k0e75z0o2o?live
- With all the hype about people moving to Austin, rents have stayed surprisingly stable for 2 bedroom homes.
- Rents for two bedroom homes went as low as $1,400 per month in Q3 2019 and peaked at the end of this year at $1,750.
- Rents for 3-bedroom homes increased by 21% in the last 3 years from $1,650 to $1,999. We observed the biggest jump in Q2-2021 with an increase from $1,795 to $2,000.
- Rents from 4-bedrooms grew from $2,000 to $2,300 or 15% in the same time frame, with the biggest increase also in Q2-2021 from $2,000 to $2,395.
Extra Bedrooms Are a Premium
https://infogram.com/premium-paid-for-extra-bedroom-1hzj4o3we5wv34p?live
We also analyzed the premium that renters were willing to pay for an extra bedroom and found that the "home office premium" has increased significantly.
- In Q2 2019 people were willing to pay an average of $125 to get an extra bedroom. In Q2-2021 the premium peaked at $322.50 per extra bedroom.
- Today that premium is back to roughly $275 per extra bedroom, representing an increase of 120% or $150 per extra bedroom. Is this the home office tax, and if it is, should employers be paying it?